Law Days & Lattes « »

24d ago 10:18

Content provided by Sidney Eckman Wheelan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sidney Eckman Wheelan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

“What’s Your Exit Plan? Smart Strategies for Small Business Owners”

Hosted by: Sidney Wheelan

Presented by: The Wheelan Law Firm (Serving North Missouri from Moberly & Carrollton)

Episode Summary:

In this episode, Sidney unpacks a question every business owner needs to ask — “What’s your exit plan?” Whether you’re just getting started or decades into building your dream, planning your exit strategy now gives you options, peace of mind, and a path forward that protects your clients, your team, and your legacy.

☕ In This Episode:

Why it’s never too early to plan your exit
Sidney’s real-world example: acquiring and expanding through the Joyce Wendel Law Office
6 exit strategies you need to know — including partner buyouts, mergers, ESOPs, and winding down
Legal and financial groundwork every owner should lay now
Why your exit plan is about more than money — it’s about freedom and legacy

💼 Highlighted Strategies:

Sell to a third party
Internal sale or partner buyout
Strategic merger or acquisition
Family succession
Employee Stock Ownership Plan (ESOP)
Wind down and liquidate

📌 Takeaways:

Start with a plan. Whether you're building to sell or building to last, having a clear strategy puts you in control — not the market or the moment. Prepare legally, financially, and emotionally. Your legacy deserves that.

👥 Connect with Sidney:

Have questions about your own exit strategy or succession plan? Reach out at wheelanlaw.com

Check out our Law Days & Lattes pages on Facebook and Instagram where you can join the conversation, share your thoughts, and ask questions

Subscribe to Law Days and Lattes wherever you get your podcasts!

Until next time, grab your favorite latte, hold your loved ones tight, and have a great week! ☕

WheelanLaw.com

This podcast episode contains general information for discussion purposes only. Each case is different and must be judged on its own merits. Missouri rules generally prohibit lawyers from advertising that they specialize in particular areas of the law. This article should not be construed to suggest such specialization. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create an attorney-client relationship, and the listening or viewing of this podcast does not constitute an attorney-client relationship. The choice of a lawyer is an important decision and should not be based solely upon advertisements.

63 episodes